U.S. Stock Market Update | Golden industrial concept strengthens before the market, international gold price continues to hit new highs, breaking $2730.
On October 21, Coeur Mining rose by 3.5%, while New Gold and Fortuna Silver Mines both rose by nearly 3%. DRDGOLD, Sandstorm Gold, and Harmony Gold Mining all saw increases. In terms of news, there is no sign of the gold rally slowing down, as spot gold in London reached a new historical high of $2,733.5 per ounce today. Analysts generally believe that the continuous surge in gold prices is mainly driven by the monetary nature and safe-haven properties. On one hand, with global central banks lowering interest rates one after another, the expansion of balance sheets is expected to strengthen the precious metals market.
Top economists: The West should pay more attention to the rise in gold prices.
Adrian, President of Queens' College, University of Cambridge, believes that gold reflects a growing interest in alternatives to the US dollar-based financial system.
Gold hit another all-time high on Monday! Is it not too late to enter now?
Some analysts point out that it is not too late to buy gold now, because the two main drivers pushing the gold price higher have not yet 'cooled down'...
Gold Climbs to Record as Mideast, US Election Drive Haven Demand
Gold prices surged $66 in a single week to hit a historical high! Analysts: Gold is expected to test the key resistance level of 2750 next week.
Geopolitical risks and speculation on Fed rate cuts are driving safe-haven demand, pushing gold prices to a historical new high of $2720. The intensifying Middle East conflict has led investors to seek safe-haven assets, resulting in a significant increase in gold prices.
International gold price broke through $2700 per ounce for the first time, driven by who for the "historic" surge?
Since the beginning of this year, "gold hits new highs" has become a common phrase. Analysts generally believe that the continuous impact on the historical new highs of gold prices is mainly driven by the monetary nature and safe-haven nature.